Science Applications International Co. $SAIC Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP raised its stake in Science Applications International Co. (SAIC) by 1,640.7%, owning 85,449 shares valued at approximately $9.6 million after purchasing an additional 80,540 shares in Q1.
• Institutional investors and hedge funds now control 76% of SAIC's stock, with Parallel Advisors LLC and Larson Financial Group also increasing their holdings significantly during the same quarter.
• The company declared a quarterly dividend of $0.37 per share, with the record date for investors set for October 10th, representing an annualized yield of 1.3%.

Trexquant Investment LP raised its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 1,640.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,449 shares of the information technology services provider's stock after purchasing an additional 80,540 shares during the period. Trexquant Investment LP owned 0.18% of Science Applications International worth $9,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares during the last quarter. Larson Financial Group LLC increased its position in Science Applications International by 43.2% during the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 98 shares during the last quarter. US Bancorp DE increased its position in Science Applications International by 38.5% during the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 90 shares during the last quarter. Fifth Third Bancorp increased its position in Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 88 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new position in Science Applications International during the first quarter worth approximately $58,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SAIC shares. Jefferies Financial Group boosted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. UBS Group decreased their price objective on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial boosted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Finally, Stifel Nicolaus started coverage on shares of Science Applications International in a research note on Tuesday, June 24th. They set a "buy" rating and a $130.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $125.64.

Science Applications International Price Performance

Shares of SAIC stock opened at $117.70 on Friday. The company has a market capitalization of $5.52 billion, a PE ratio of 19.85 and a beta of 0.49. The firm has a fifty day simple moving average of $114.90 and a 200-day simple moving average of $112.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 earnings per share. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. Equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.48 annualized dividend and a yield of 1.3%. Science Applications International's dividend payout ratio is currently 20.76%.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.

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